The supply will come from Santos’ global portfolio of world-class LNG assets on a delivered ex-ship foundation. Santos Managing Director and Chief Executive Officer Kevin Gallagher noted that the contract with Glencore extends their present sturdy business relationship and presents a priceless alternative for each firms to leverage their expertise in Asian LNG markets. “This oil-indexed contract, together with a long-term LNG Sales and Purchase Agreement with Hokkaido Gas in Japan, highlights Santos’ sturdy LNG portfolio position and buyer relationships within the region. There continues to be robust demand in Asia for prime heating value LNG from tasks corresponding to Barossa and PNG LNG. Santos is committed to supporting the energy safety of our valued customers across Asia,” Mr Gallagher mentioned.
Rumoured AI mannequin to launch inside ChatGPT and as a separate providing, focusing on complicated problem-solving duties.
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The Kina and Toea Exhibition was launched on 29 August and continued from 30 August to 6 September 2024 on the National Museum & Art Gallery in Port Moresby. The exhibition provided a possibility to discover the fascinating historical past of PNG forex and its distinctive place within the nation’s growth. Displaying cultural richness and variety, attendees have been reminded of the significance of forex as a reflection of PNG id, values, and traditions. The Assistant Governor of Corporate Affairs, Mr Ron Sikar, gave the opening speech and formally declared the exhibition open on behalf of the Governor of BPNG, Elizabeth Genia, in her absence. “It is an honour to stand earlier than you right now as we open the Kina and Toea Exhibition, a showcase of our nation’s rich and evolving financial historical past as a half of the Bank’s 50th anniversary celebrations,” Governor Genia said. She highlighted that the occasion is particularly important because it precedes the 50th anniversary of each the country’s foreign money and the nation itself.
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It’s time for PNG to establish a robust commerce and investment relationship with Indonesia, which has already mastered downstream processing and worth addition. “Under the Marape-Rosso Government, PNG must shift away from being a mere exporter of uncooked supplies. As we strategy our fiftieth anniversary, it’s crucial that we make a decisive change.
People with full-time jobs are burning out as a result of they’re having to find second jobs to remain financially afloat. The Bangladesh Bank has fashioned a six-member taskforce to carry out reform initiatives within the country’s banking sector. In an effort to bring Business News normalcy again to the industries, the federal government will evaluation the workers’ wage through the minimal wage board, the interim government has determined.
“These modern currencies served as both financial devices and nationwide emblems of our independence and unity as a nation,” Genia famous. She provided insights into the cultural significance of the Kina and Toea, explaining that the word “Kina” is present in both the Pidgin and Kuanua languages and describes the priceless pearl shell extensively traded in PNG’s Highlands and Coastal areas. Similarly, “Toea” refers to a valuable kind of shell used in commerce and traditional bride price ceremonies within the Motuan Coastal villages.
